The cost of oil increasing (doubling in six months) feeds through to every part of the economy.
Food insecurity and cost of living increases are upon us.Reduced government supports are likely.
What does this all mean?
Investors see slowing economic growth.
Real economic impacts will include reduced hiring.
The risk is global recession including economic retraction, persistent inflation, and weakening demand.
But sure go to the free buffet!
I would be delivering a strong message about resilency. I would be advocating for personal safety measures, food security cooperatives, in fact anything that helps people earn more, spend less, help each other through community building. Things are about to go sideways.
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